AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 19.910000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 20.610000000 |
| 2nd High | 20.320000000 |
| Next High | 19.910000000 |
| Current Price | 18.830000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Matching Low